I got scaled back to just over 50% of my application. So I can't see the scale back as high as 90%. I also think that the issue would have been placed with (mostly) current holders who already know the company and hold shares. My immediate reaction to the cap raise and the terms, was "Wow that's cheap and you get the options". I had also already built up a stake to where I was comfortable. So my plan was to see if I could get in on the raise and then reduce my exposure back to my comfort level and hold the options into the future. My point is that I think this strategy is not unique and there will be those that are happy to offload their shares at anywhere from 23c and up. So if you are want to accumulate, I think you will be given the opportunity at much lower prices than 31c to do so. Unless we see an announcement that changes the situation before we resume trading. Just my opinion of course.
DYOR and GLTA.
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Last
6.9¢ |
Change
0.001(1.47%) |
Mkt cap ! $104.6M |
Open | High | Low | Value | Volume |
6.8¢ | 6.9¢ | 6.6¢ | $154.7K | 2.297M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 21567 | 6.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.0¢ | 17271 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 21567 | 0.069 |
2 | 142550 | 0.068 |
6 | 378388 | 0.067 |
3 | 250461 | 0.066 |
7 | 745319 | 0.065 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 17271 | 1 |
0.073 | 72281 | 1 |
0.074 | 53798 | 1 |
0.075 | 1381014 | 2 |
0.076 | 515437 | 3 |
Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
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